LPRO is no longer listed. Its last trade on record was Aug 7, 2026. The price and figures on this page are from its last trading day and final filings, and are no longer updated.
Latest Ratios: P/E Ratio N/A · EV/EBITDA N/A · ROE N/A. (2017–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | — | $184M | $712M | $1.0B | $852M | $2.8B | $2.9B | $397M | $896M | — |
| Enterprise Value | — | $95M | $612M | $942M | $800M | $2.9B | $3.0B | $392M | $900M | — |
| P/E Ratio → | — | — | — | 47.28 | 12.74 | 19.38 | — | 6.35 | 31.45 | — |
| P/S Ratio | — | 2.20 | 55.99 | 9.68 | 4.90 | 13.54 | 29.79 | 4.29 | 17.27 | — |
| P/B Ratio | — | 2.45 | 9.11 | 5.03 | 4.00 | 17.87 | 108.88 | — | 3.32 | — |
| P/FCF | — | — | 40.81 | 12.84 | 7.98 | 30.50 | 123.63 | 9.52 | 31.43 | — |
| P/OCF | — | — | 40.43 | 12.51 | 7.93 | 29.86 | 117.63 | 9.50 | 31.31 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.14 | 48.17 | 8.82 | 4.60 | 13.71 | 30.43 | 4.24 | 17.36 | — |
| EV / EBITDA | — | 11.34 | — | 30.52 | 8.12 | 19.07 | 50.62 | 6.25 | 31.52 | — |
| EV / EBIT | — | 15.89 | — | 23.83 | 8.05 | 14.60 | — | 6.24 | 31.41 | — |
| EV / FCF | — | — | 35.11 | 11.70 | 7.49 | 30.87 | 126.27 | 9.42 | 31.59 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | 75.5% | 0.7% | 81.0% | 88.9% | 91.4% | 91.0% | 91.6% | 91.2% | 90.7% |
| Operating Margin | — | 6.4% | -272.1% | 24.8% | 54.4% | 69.7% | 52.1% | 67.4% | 54.6% | -0.1% |
| Net Profit Margin | — | -4.5% | -562.0% | 18.8% | 37.1% | 67.7% | -89.6% | 67.4% | 54.2% | -0.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | -5.5% | -95.2% | 10.5% | 35.8% | 157.4% | -366.5% | 360.0% | 21.0% | — |
| ROA | — | -1.6% | -40.3% | 5.9% | 19.1% | 47.7% | -52.3% | 34.9% | 20.2% | -12.5% |
| ROIC | — | 2.3% | -17.0% | 6.1% | 21.7% | 45.1% | 22.4% | 214.2% | 15.5% | — |
| ROCE | — | 2.7% | -21.7% | 8.1% | 29.1% | 51.5% | 32.6% | 35.8% | 20.4% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | 1.17 | 1.84 | 0.72 | 0.71 | 0.95 | 6.13 | — | 0.02 | — |
| Debt / EBITDA | — | 10.48 | — | 4.80 | 1.54 | 1.00 | 2.79 | 0.05 | 0.20 | — |
| Net Debt / Equity | — | -1.18 | -1.27 | -0.45 | -0.25 | 0.22 | 2.32 | — | 0.02 | — |
| Net Debt / EBITDA | — | -10.54 | — | -2.98 | -0.53 | 0.23 | 1.06 | -0.07 | 0.16 | — |
| Debt / FCF | — | — | -5.70 | -1.14 | -0.49 | 0.38 | 2.63 | -0.10 | 0.16 | 0.02 |
| Interest Coverage | — | 0.62 | -4.71 | 3.71 | 17.04 | 33.63 | -6.84 | 195.14 | 84.04 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | 4.52 | 5.84 | 14.08 | 18.58 | 16.81 | 9.57 | 5.52 | 3.28 | 0.10 |
| Quick Ratio | — | 4.52 | 5.84 | 14.08 | 18.58 | 16.81 | 9.57 | 5.52 | 3.28 | 0.10 |
| Cash Ratio | — | 3.59 | 5.15 | 11.67 | 13.53 | 9.65 | 5.97 | 0.94 | 3.27 | 0.10 |
| Asset Turnover | — | 0.39 | 0.08 | 0.31 | 0.47 | 0.68 | 0.37 | 1.17 | 0.19 | 132.21 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 4.7% | 10.7% | 2.1% | — |
| Payout Ratio | — | — | — | — | — | — | — | 67.8% | 66.7% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 2.1% | 7.9% | 5.2% | — | 15.7% | 3.2% | — |
| FCF Yield | — | — | 2.5% | 7.8% | 12.5% | 3.3% | 0.8% | 10.5% | 3.2% | — |
| Buyback Yield | — | 2.7% | 0.0% | 3.6% | 2.1% | 0.7% | 1.3% | 0.0% | 0.0% | — |
| Total Shareholder Yield | — | 2.7% | 0.0% | 3.6% | 2.1% | 0.7% | 6.0% | 10.7% | 2.1% | — |
| Shares Outstanding | — | $119M | $119M | $121M | $126M | $126M | $83M | $38M | $92M | $31M |
Includes 30+ ratios · 9 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying LPRO stock.
Based on historical data, Open Lending Corporation is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.
Key Metrics
Top Statement Risk
Cyclical credit model volatility
Metrics are mathematically derived from official filings.
Market Pricing Reflects Growth Uncertainty
According to current market data, LPRO trades at a forward P/E of 29.13, which appears to price in significant recovery expectations that may be disconnected from the company's recent history of volatile earnings and negative net margins reported in recent quarterly filings.
The valuation multiple suggests investors are looking past current operational losses to a normalized earnings environment that remains unproven. Given the lack of a stable PEG ratio, the market appears to be struggling to reconcile the company's high-growth fintech narrative with the cyclical reality of the auto credit sector.
Operating Leverage Remains Elusive
As reported in financial statements, LPRO maintains a robust gross margin profile of 76.3% as of 2026Q1, yet the company's inability to consistently translate this into positive operating income suggests that the cost of maintaining its specialized actuarial infrastructure remains disproportionately high.
The persistent gap between gross and operating margins indicates that the business model requires significant fixed-cost investment that does not scale linearly with loan volume. Investors should monitor whether management can achieve operating leverage or if the current cost structure is a permanent drag on profitability.
Capital Efficiency Hampered by Losses
Based on reported figures, LPRO's ROIC has trended into negative territory, reaching -0.3% in 2026Q1, which indicates that the company is currently failing to generate a positive return on its invested capital compared to the historical peaks observed in early 2024.
The decay in return metrics reflects the impact of recent net losses and the volatility inherent in the company's contract asset accounting. This trend warrants further investigation into whether the current capital allocation strategy is effectively deploying resources to drive long-term value or merely sustaining operational overhead.
Working Capital Cycles Signal Instability
According to recent SEC filings, LPRO's asset turnover has remained consistently low at 0.09, suggesting that the company's asset base is not being utilized efficiently to generate revenue compared to broader financial services peers in the credit analytics space.
The low asset turnover, combined with fluctuating DSO metrics, implies that the company's revenue recognition process is heavily reliant on long-dated contract assets rather than rapid cash conversion. This structural inefficiency may limit the company's ability to self-fund growth without relying on its existing cash reserves.
Misapplication of SaaS Valuation Metrics
As indicated by market pricing, the most commonly misapplied ratio for LPRO is the P/S multiple, which obscures the fact that a significant portion of revenue is derived from non-cash profit-share estimates rather than recurring, high-quality subscription fees.
Investors should instead focus on cash-based metrics and adjusted EBITDA that strip out the volatility of contract asset revaluations. Treating LPRO as a traditional SaaS firm ignores the underlying credit risk and the potential for future revenue clawbacks, which are unique to this specific business model.